The data from the German states suggests that the increase in inflation at the start of the year is lower than expected so that partly offsets the pressure for a rate rise.
More Quotes from Juergen Michels:
Private consumption is likely to remain weak.Juergen Michels
For 2006, I see very strong German exports and increasing investment, but I don't think it will have a big impact on the labor market and that's why consumption will remain relatively weak.
Juergen Michels
The labor market situation won't dramatically improve and oil prices are still a problem. Relatively weak consumption is one of the reasons why the German economy won't gather a lot of speed this year.
Juergen Michels
German manufacturers have rather good support from the orders side. In addition, they reduced their debt and financing conditions have improved.
Juergen Michels
We would expect the seasonally adjusted total to decline in the coming months, but there is not likely to be any major turnaround because companies are still restructuring and the structural problems on the labor market are still there.
Juergen Michels
Readers Who Like This Quotation Also Like:
Based on Keywords: offsetsA hero is someone right who doesn't change.
George Foreman
I don't care whether people like me or dislike me. I'm not on earth to win a popularity contest. I'm here to be the best human being I possibly can be.
Tab Hunter
History is the science of things which are not repeated.
Paul Valery